EQUITY

6 Months Ended

Jun. 30, 2022

EQUITY [Abstract]

EQUITY

Note 12: Equity

Our capital stock consists solely of common stock, par value $1.00 per share, of which 480,000,000 shares may be issued. Holders of our common stock are entitled to one vote per share. We may also issue 5,000,000 shares of preferred stock, but no shares have been issued. The terms and provisions of such shares will be determined by our Board of Directors upon any issuance of preferred shares in accordance with our Certificate of Incorporation.

There were no shares held in treasury as of June 30, 2022, December 31, 2021 and June 30, 2021.

Our common stock purchases (all of which were open market purchases) and subsequent retirements for the year-to-date periods ended are as follows:

	June 30	December 31	June 30
in millions, except average cost	2022	2021	2021
Shares Purchased and Retired
Number	0.0	0.0	0.0
Total purchase price	$            0.0	$            0.0	$            0.0
Average cost per share	$          0.00	$          0.00	$          0.00

As of June 30, 2022, 8,064,851 shares may be purchased under the current authorization of our Board of Directors.

Changes in total equity are summarized below:

	Three Months Ended		Six Months Ended
	June 30		June 30
in millions, except per share data	2022	2021	2022	2021
Total Shareholders' Equity
Balance at beginning of period	$      6,575.3	$      6,136.2	$      6,545.0	$      6,027.3
Net earnings attributable to Vulcan	187.3	195.3	279.1	356.0
Common stock issued
Share-based compensation plans, net of shares
withheld for taxes	(0.1)	(0.7)	(17.1)	(12.9)
Share-based compensation expense	10.7	9.8	18.2	17.7
Cash dividends on common stock
($0.40/$0.37/$0.80/$0.74 per share, respectively)	(53.2)	(49.1)	(106.3)	(98.2)
Other comprehensive income	1.1	1.6	2.2	3.2
Balance at end of period	$      6,721.1	$      6,293.1	$      6,721.1	$      6,293.1
Noncontrolling Interest
Balance at beginning of period	$           23.0	$             0.0	$           22.7	$             0.0
Earnings (loss) attributable to noncontrolling interest	0.1	0.0	0.4	0.0
Balance at end of period	$           23.1	$             0.0	$           23.1	$             0.0
Total Equity
Balance at end of period	$      6,744.2	$      6,293.1	$      6,744.2	$      6,293.1